What is this?

TORONTO – Canadian beer giant Labatt Breweries is buying Toronto-based Mill Street Brewery for an undisclosed amount as it looks to gain a bigger stake in the burgeoning craft beer market.

The acquisition of the privately held Mill Street brand will help Labatt expand the craft label into new markets, including Quebec, executives told The Canadian Press on Friday ahead of an official announcement.

Great news! Labatt has purchased Mill St. Brewery. More about how this exciting partnership will help us grow: http://t.co/90TWvpRzol